VAT or Value-added Tax is a form of indirect tax adopted and practised in 160 world countries. To be more precise, VAT is a taxation system imposed on the consumption of various commodities, products or services. It is a “Consumption tax” and has nothing to with the income of the taxpayer. This taxation system is widely followed in the European Union. VAT came into effect in the UAE and GCC countries in the advent of 2018. The VAT rate followed in the UAE and GCC countries is 5%. Value-added tax as the name suggests, the value of the product or commodity gets added or increased at the different phases of the supply chain. And this value addition takes place from the stage of manufacture to distribution or sales.
VAT registration in Dubai, UAE is compulsory for all businesses irrespective of the business domain or size. If you are an entrepreneur planning to expand your business to the Emirates or a business proprietor in the UAE, you are supposed to have a clear understanding of VAT registration in UAE. Salient Links has developed strong business relations with reputed VAT and Tax consultants in Dubai, UAE, which provides excellent VAT registration services across the Emirates. We shall go through the various aspects of VAT in connection with the registration, VAT Certificate, VAT Groups etc in a very professional way.